Shows how dreadful a lot of our recruitment has been, Fullkrug bought for €27m 2 years ago, now maybe worth €5m (and was on loan last season), Alvarez bought for €38m 3 years ago, now maybe worth €15m (also on loan last season), Ward-Prowse, bought for €35m 3 years ago, Transfermarkt valuation of €5m (also on loan last season).
That's €100m worth of assets, devalued to about €25m, and out on loan last season when we were so bad we got relegated.
Thats not how football accounting works according to “The Price of Football” by Kevin Day and Kieran Maguire
A player’s asset value is calculated by dividing his transfer fee by the length of his contract, e.g. we signed Fullkrug for 27m 2 years ago on a 4 year contract, so he’s only valued at 13.5m and if we sell him for 5m we will be making a 8.5m loss
The book actually mentions Mark Noble who by football accounting logic was worth zero as we signed him as a kid so never paid a transfer fee for him
I'm well aware, as an ex-accountant, of how football accounting works, but a club like ours can ill afford to make these sort of transfers, they're just not sustainable in the long term.
It's not just breaking even on the book value of an asset we need to be concerned with, it's the fact that we need to make a profit in the transfer market if we're to progress as a club, and transfers like this don't in any way move us forward.
I am sure he would have sought his Dad's advice. I wonder what he advised him to do? Still, a bit of a surprise as he had good championship experience and only a few days ago he was hinting to stay. Maybe, fell out with Nuno or maybe Nuno has his eyes on an upgrade. On Saturday, we once again looked lightweight in creativity and forward positions.
Mexican journo Kery Ruiz tweets "Edson Álvarez has reportedly agreed to stay with West Ham United this season to aim for promotion to the Premier League (translated from Spanish)
I think if things start well for Alverez he could snowball and be a star player at this level, but is just as possible he could lose interest and be finding a club in January if it doesn't.
Could never see him playing for us in the Championship, at least most, if not all his wages are off the books for the season.
Couldn't see him playing for us ever under any circumstances, truely a horrible signing which is a shame as at the time thought we were getting a great deal
Comments
Struggled on loan last year, although in 24/25 he did a good job at Huddersfield in League 1
Think this move is good for him, he needs consistent gametime to develop
A player’s asset value is calculated by dividing his transfer fee by the length of his contract, e.g. we signed Fullkrug for 27m 2 years ago on a 4 year contract, so he’s only valued at 13.5m and if we sell him for 5m we will be making a 8.5m loss
The book actually mentions Mark Noble who by football accounting logic was worth zero as we signed him as a kid so never paid a transfer fee for him
It's not just breaking even on the book value of an asset we need to be concerned with, it's the fact that we need to make a profit in the transfer market if we're to progress as a club, and transfers like this don't in any way move us forward.
https://www.gianlucadimarzio.com/calciomercato/kristensen-obiettivo-atalanta-sostituire-djimsiti-piace-todibo-ingaggio-alto-495537
Mexican journo Kery Ruiz tweets "Edson Álvarez has reportedly agreed to stay with West Ham United this season to aim for promotion to the Premier League (translated from Spanish)
https://x.com/KeryNews/status/2085367762004668630?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^2085367762004668630|twgr^8cb39dc313b8595333bba0fa34e89ef007149057|twcon^s1_&ref_url=https://www.hammers.news/news/what-edson-alvarez-told-west-ham-before-his-sudden-squad-number-change/
Back where he was 2023!
https://www.whufc.com/en/news/niclas-fuellkrug-departs-on-loan
Adios